Synchronoss To Get Boost From iPhone 4S, Says Stifel

By Tiernan Ray

Stifel Nicolaus’s Tom Roderick this morning reiterates a Buy rating on telecom technology provider Synchronoss Technologies (SNCR), writing that the company is “quietly expanding its role in the iPhone activation process,” citing a set of slides posted on the company’s investor relations Web site.

The slides include one in particular, number 16, with the heading “iPhone 4S,” referring to Apple’s (AAPL) update to the iPhone, announced on Tuesday. The slide mentions that Synchronoss will “continue to play an important role in the iphone [sic] activation process.”

Synchronoss provides software and service to help phone companies turn on, or “provision,” the iPhone and other wireless devices.

The slide says Synchronoss will continue to provide all services to AT&T (T), and some services to Verizon Communications (VZ) and Sprint-Nextel (S) with respect to the iPhone.

Writes Roderick, “While this is still a far cry from Synchronoss’ original role in activating nearly every iPhone, we are quite pleased to see a meaningful functional expansion in Synchronoss’ relationship with Apple, including touch-points across all key US carriers. As Apple looks to improve the iPhone purchase and activation experience, we see room for Synchronoss to continue expanding its role.”

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There are 2 comments

OCTOBER 6, 2011 3:16 P.M.

Paco wrote:

RIM?

OCTOBER 14, 2011 2:47 P.M.

jon joaquin wrote:

So actually it is Synchronoss who is to blame for the activation delays today for the iPhone4s. If this news gets out that they provide the provisioning, then I expect the stock to go down rather than get a boost!!!

About Tech Trader Daily

Tech Trader Daily is a blog on technology investing written by Barron’s veteran Tiernan Ray. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields. Comments and tips can be sent to: techtraderdaily@barrons.com.